An entity has a division, Macca Ltd, which is a separate CGU. The net assets of the division as at 30 June 2020 are as follows: Cash $ 150 000 Inventory 40 000 Receivables 36 000 Goodwill 25 000 Land 270 000 Plant 200 000 Accumulated depreciation - Plant (35,000) Property 140,000 Fittings 40 000 Total 866 000 Liabilities (240 000) Net Assets 626 000 Macca's management undertook impairment testing at 30 June 2020 and determined the recoverable amount of the CGU to be $762 000. As a result, Macca recognised an impairment loss. Additional information as at 30 June 2020: - The land has a fair value less costs of disposal of $240 000 - The plant has a fair value less of costs of disposal of $150,000 Show all your workings. Question 5(a) (4 Marks) Required: Determine the amount of the impairment loss at 30 June 2020. A B 1 2 Question 5(b) (10 Marks) Show workings or calculations on how you allocate the impairment loss to the assets in the CGU. A B I E Use the table below to enter you workings for this question. If you do not want to use the table, please show your workings below the table. Question 5(c) 6 marks) Required: Prepare journal entry for the above events. B et? Enter your Journal entries in the template below, and show your workings UNDERNEATH the table: Date Details Debit Credit